VSE Corporation Awarded Delivery Order under NAVSEA FMS Support Contract for $37.6M
ALEXANDRIA, Va.-- VSE Corporation (NASDAQ: VSEC) reported today that its International Group has received a delivery order totaling $37.6 million. The delivery order is for the continuation of work performed under its Foreign Military Sales (FMS) Naval Ship Transfer and Repair (N*STAR) contract through the Naval Sea Systems Command (NAVSEA) International Fleet Support Program.
Under this delivery order VSE will provide engineering and training services in support of the Iraqi Navy in Umm Qasr over a three-year period. Services will include repair and maintenance training for various classes of ships and patrol boats supporting Iraqi naval security.
“VSE and our entire N*STAR Team are proud to continue our FMS work for the US Navy and our allies,” said International Group President Harry Flammang. “We are very pleased the Government of Iraq has made the decision to continue this highly successful program. We appreciate seeing our work recognized for the benefit it brings to our client navies, especially in the increased operational availability of their ships.”
International Group
International Group provides engineering, industrial, logistics, maintenance, information technology, fleet-wide ship and aircraft support, and foreign military sales services to the U.S. military branches, other government agencies, and commercial customers. These services include program management, engineering, technical support, logistics services, and follow-on technical support for ship reactivations and transfers; field engineering, ship repair and modernization, ship systems installations, ordnance engineering, facility operations, war reserve materials management, and IT systems integration; automated complex systems health management; aircraft sustainment and maintenance services; and management, maintenance, storage and disposal support for seized and forfeited general property programs.
About VSE
Established in 1959, VSE is a diversified federal services company with experience in solving issues of global significance with integrity, agility, and value. VSE is dedicated to making our clients successful by delivering talented people and innovative solutions for logistics, engineering, IT services, construction management, consulting and supply chain management. For additional information on VSE services and products, please see the Company's web site at www.vsecorp.com or contact Randy Hollstein, VSE Corporate Vice President of Sales and Marketing, at (703) 329-3206.
VSE News Contact
Christine Kaineg, 703-329-3263
Source: VSE Corporation
Released August 21, 2012
